Cargill has moved to buy Zamanita, the cooking oil business of African food group Zambeef.

The US agribusiness giant has struck a deal to pay US$25.7m for Zamanita, which manufactures edible oils and soybean meal in Zambia.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

For the year ended 30 September, Zamanita recorded revenue of US$67.9m, a gross profit of $9.9m and a loss after tax of $2m.

When contacted by just-food, Cargill confirmed the deal but declined to comment further.

UK-listed Zambeef announced in December it was considering offloading the business, which it acquired in 2008.

Announcing the deal today (3 February), Zambeef said the deal would allow it to focus on its “core business”, the retailing of cold chain meat and dairy products.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact